Can Value Add Opportunities affect Appraisels?

[Austin Fox]

Hello BP,

I am in the process of purchasing my first duplex. The point of this post is that I found the property I have under contract distressed in some areas aesthetically, nothing serious. Thinking ahead of the exit strategy, what influences the appraisal? 

The point I'm trying to make is if I purchase the property then make improvements (new paint, finishes, driveway) will this affect the future appraisal? My end goal is to purchase the property FHA and reside the first year, move out and then make reassess 3-5 years down the line the condition. Ultimately selling the property for a profit in the end as well as collect rent/experience/etc...